The number of people who went hungry grew by about 161 million last year to 811 million. Gilbert Houngbo, President of IFAD, said enough food was being produced to feed everyone and the crisis was a failure in the food system. The situation is worse considering that more Nigerians now live on less than one dollar a day, which translates to about N500 per day. xCurrently, many Nigerians are underemployed and unemployed, thus raising concerns about the country’s rising dependency ratio, as the situation has further mounted pressure on disposable incomes. He maintained that unless crucial economic reform and political will are demonstrated, the situation might continue to get worse.

Source: The Guardian July 13, 2021 03:56 UTC